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Appreciate CEO links AI stock winners to monetizing infrastructure
The S&P 500 is up nearly 9% year to date, while the Nasdaq Composite has gained about 10%, with the CEO pointing to earnings as the main signal.
US stocks are trading at a key juncture as inflation moderates and corporate earnings remain strong, with the S&P 500 up nearly 9% year to date and the Nasdaq Composite up about 10%, LiveMint Markets said. The S&P 500 closed last week at 7,457.69, and the Nasdaq Composite finished at 25,520.24.
Appreciate CEO Subho Moulik said the market takeaway from this earnings season is less about macro data and more about company results, citing strength across a range of businesses. He pointed to Taiwan Semiconductor reporting another record quarter, BlackRock passing $15 trillion in assets under management, and Netflix delivering its highest quarterly revenue while growing its advertising business.
Moulik framed the AI investment cycle as moving from infrastructure builders to companies monetizing that infrastructure through software, financial products, and consumer platforms. He argued investors are increasingly rewarding firms that convert AI spending into durable cash flows rather than paying for AI potential alone.
The CEO also highlighted Taiwan Semiconductor's latest quarter as an example of demand outpacing supply, saying Q2 revenue rose to NT$1.27 trillion, up 33.7% year on year, and net profit climbed to about NT$706.6 billion. He said demand for 3nm chips and CoWoS advanced packaging continues to exceed supply as Nvidia, AMD, and the largest cloud providers expand AI computing capacity.
Latest closeS&P 500 7,533.77 ▼0.5%|Nasdaq Comp. 25,881.95 ▼1.5%